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to this crisis. we're talking about the fiscal cliff. >> it hasn't got ensigned into law. there's no success yet there. >> boehner should move it tomorrow. he should just do that. >> jonathan? >> listen, the president campaigned on a three to one spending reduction and we're not see anything spending here. democrats controlled two-thirds of the chips. >> joy ann, why is this all about taxes? >> one reelection and the -- it doesn't do that much spending. >> it's been all about taxes. >> all about raising taxes. >> there's this obsession with raising taxes. >> it was to go after school lunches and elderly care, health care for poor kids and increased spending. >> no, no, no, they want entitlement reform, joy ann. why this obsession with cutting old people's medicare? >> it's not an obsession about cutting benefits to the elderly, joy ann. it's about reforming medicare over time so at some point in the future we don't tell an 80-year-old you know what? you're not going get the medicare cha you thought you would have. this is about not hurting the elderly. >> the republican solution is to hand 80-ye
will create record vak kiss on the laws. >> which stocks specifically are going to suffer in home depot, radio shack, possibly shorts authority, some of the other office supply category killer stores. >> let me go in mr. glass half hull. anybody coming through had. as mentioned referenced so well. you also have you are even outfitters tutting it on ol centr retailers who have not reinvested back in the business are secularly having the shoppers shift away from them. they are going to have a tougher time. >> i think it's too late to save herb greenberg's bet with brian sullivan for this year, but you were on our show just recently, and you've turned positive for j.c. penney. >> i was a lot more positive at 17 than i do 21 and i do think the middle will do better than the upper end or the bottom. the upper end retailers will get hurt because of the tax rates and the lower end hurt because of social security taxes. guys in the middle will do better. the place to be will be the mossle so thenny's will have better numbers in q q4. >> felt like we were talking to stadler on this one. >> does that ma
. >>> and this is interesting if you have been following the herbalife story. they're working with the law firm-by-schiller, in connection with the fight with billackman. shorting the company. last week he revealed he had been shorting the stock. the "wall street journal" saying it's not clear what counsel the corporate litigator could be offering herbalife, you can imaginin it's going to get tough and aggressive. at some point we've got to talk about julian -- julian robertson on twitter. if we'll consider that a headline. if he's on twitter -- >> did you know about this? >> no. >> there's a handle -- >> i've seen other people that it's obviously not them -- >> this could be him, though. and there's a big debate. a raging debate going on line about whether julian robertson is actually tweeting or not. you have a view? >> i -- i'm going shy away from this conversation other than -- >> we need to find out, though. >> other than to say it's a raging debate. >> i e-mailed him. this julian robertson -- >> how do you know you're e-mailing the right one? >> wow. >> because i have e-mailed with him pr
. ackman. >> they also hired shiller, the law firm. not clear why they would hire a law firm at this point. no reason given. they have hired them, which is another, hmm, wonder what they're up to kind of move. bob pisani is on the floor with what's moving today. >> we're up 24 points in the dow. and a lot of people think a grand bargain is impossible at this point. but president obama coming back from vacation in hawaii. that's an indication that some kind of deal -- however small -- is definitely coming. i want to point out, and i know you've been negative on this mastercard data on retail sales, and everybody thinks it's going to be a mess for the holiday season. i want to point out that the stocks are not acting that way. that this is a disaster for the season. the s&p retail index hit an historic high on december 3rd. historic high. since then, it has only been down about 3%. these stocks are not acting like there's a disaster. i can give you several reasons why they're not down so far. number one, we are going to see eps growth in the fourth quarter from some of them because of the ex
before the u.s. economy goes over the fiscal cliff, law marriages are pointing fingers and playing the blame game. >> mario monti is saying he's available to lead italy, but only for a party willing to push his economic agenda. >> but he has competition in the form of sylvia berlusconi, italy's former prime minister tells cnbc he feels a responsibility to run. >> translator: i feel the need to return to the political arena to prevent the country from being delivered into the hands of a leftist party. >> and the crowds are out, the stores are ringing up those sales. but u.s. shoppers, they may be running lower on holiday spirit and analysts are saying that they're spending less, as well. >>> if you're just tuning in, thank you so much for joining us on the show here. a bit of a pre-christmas special for you. these are how the markets are looking at the u.s. open. still looking very negative. we had a high volume session on friday where the markets pulled back about 1% across the board. the markets are still in positive tear over to. but nonetheless, the negative sentiment around the
. under the laws, those withholding rates are supposed to go up because, as you know, all thoughts tax cuts that were passed over a decade ago were supposed to expire. and the irs is basically on the sideline waiting to see what happens on the hill between them and the president to see if, in fact, there's a reason to tell the current employers, hold on, there will be a freeze on those rates. if, in fact, they have to go to the new guidance, consumers will start to feel very early the hit to their paychecks of having gone over the fiscal cliff, even if there's auto deal that retroactively drags us back over the top of the cliff. >> it's an interesting point. greg, thank you so much. such a mess. >>> it was better news at the box office lately. hollywood is on track to post an all-time box office record this year. film lovers have flocked the theaters to see christmas day performances of les miserables and "unchanged." >>> stick around. still to come on the show, the summer olympics and u.s. election made to 2012 a bumper user for advertisers. will that continue in 2013? we'll ask the c
'll see estate taxes go up, investment taxes go up. there is an endless list of expiring provisions of law that will, in fact, expire if nothing is done. and i think even if something is done at this point, what you're looking at is something very scaled back, something very small and congress will have to come back next year and take a look at trying to get to some of those other issues. >> alistair here. that sounds about right to me, assuming that that scenario is how things play out. what sort of impact medium term do you think this is going to have on consumer and corporate confidence in america, given that the fiscal cliff is clearly weighed heavily on both of those in recent months? >> the sad thing, you know, from an observer's standpoint here is that there isn't much corporate or consumer confidence in the american government. and it's proved itself dysfunctional time and again over the last couple of years. what you hear now is not how people believe that there's going to be some last-minute deal, but how they remember the times that the t.a.r.p. bill, the fiscal bailout a few ye
for the issues that are bought once the law gets changed? >> nobody knows for sure. that brings up a very important point, which is historically, the treasury department has never imposed taxes on anything retroactively. so this would be a very bad precedent if they decide to apply this to existing bonds that are currently outstanding. what they ought to do is apply this, if they're going to do it, on a foregoing basis, the bonds issued after january 1st, 2013, for example. >> we're showing the picture of the mub, the etf that tracks the municipal bond market. we've seen it decline since the beginning of roughly december. i think a lot of people are concerned about this. but your point is, that perhaps if you buy this year, the treasury would not put taxes on those holdings, correct? which could be a good time to buy muni bonds. >> you're playing a gamble on whether or not the treasury is going to protect you for this year or not. personally, i'm a little bit more worried about the fact that the taxes could apply retroactively. just because of the nature of the way this would work. what's
, and $100 million net worth. >> correct. so big payday for law firm and toyota deal. the big firm, of the winner, hagans berman. do you know them? >> no. >> seattle based law firm that serves as the lead council in the class action set to receive more than $300 million. not bad work if you can get it. >> how much? >> $300 million. taking a third. a little less than a third. >> -- magnetic business cards as the ambulance passes by. >> right. >> i would buy some stock in those today, right? for these guys. you wonder why texas is doing a little built better. because they have put in some rules in place. i'm sorry. >> no. >> you come from a lawyer. >> i do. but we -- my dad doesn't have magnetic business cards. we don't do ambulances. >> no, you were on the good side of things, wasn't he? >> most of the time. >> all right. not all the time? all right. yeah, you did have that sign, i forgot, from the smoker's litigation, where did that -- asbestos? where did that come from? >> the steinway? >> dock workers at four u.s. ports in the pacific northwest will remain on the job despite an o
existing laws. they're not enforced. but did you see this gallup, a new record for people that oppose handgun bans. 74%. it's never been that high. 24% -- more people apparently would ban piers morgan from ever appearing on tv again than would ban handguns. that's much higher consensus on that. which i think -- which would be good for everybody, i think. >> look, there are a lot of cross currents here, joe. you're right. i mean i think there's very strong sentiment that something big has to change. >> background checks, you know what? you definitely got to -- you should do that. >> gun show loopholes >> there's some simple things. but actually questioning the second amendment, that's counterproductive. i'm telling you. for people that do that. it's counter productive. anyway -- >> very special thanks to eamon and to jared. happy holidays if we don't see you before the new year. but i think given this conversation we might be talking cliff even on monday. >> thanks. >> coming up, businesses bracing for the fiscal cliff. we'll ask chairman and ceo thomas fanning if the deal is possible
on africa and many believe now is the time. this is an overgeneralization. the rule of law is not widespread enough in the continent. there is a glimmer of hope such as sun nish sha. countries such as egypt still questionable. we have seen mass rioting there and growing concerns whether the new rule of law and new constitution will effectively protect investors. >> just a few years ago, there were maybe 10 frontier emerging funds. now, there's more than 300. they're the hot thing. remember, even if there is growth there, very little liquidity. that's not a real place for mom and pop investors. that's still a white knuckle place even if there is growth. >> i'm looking at global industries 52 week highs, turkey, france, uk. lithuania, japan. can those do well? >> i think so. they're coming off their bottom. europe 20 through wh-- europe 2 what was our 2008. >> you think merkel gets re-elected? >> at this point. she seems to be doing okay. if merkel gets re-elected, she will be a major outlier. the general rule of thumb for almost all politician, you never survive a debt crisis. germany doesn't
him to invoke federal law in order to invoke a cooling off period. i don't know what the likelihood of that is. i don't know what the president might do. do you think he would -- >> wow. that's a lot of red. >> you step out. you like to step out. you like to make statements, right? >> it's the holidays. >> i'm aware of that. >> you're wearing a red tie today. >> a shirt and a tie. that's usually what i go with, some type of shirt, some type of tie. no bells and whistles. this is your thing. whether you have bracelets -- one of those things is measuring your heart right right now. how is it? >> it's measuring my -- >> your calorie intake? >> my pressure goes up when i'm with you. well, no, this is the jaw bone. >> is it a measure of calories? >> calories, walking, sleeping, rem sleep, how much i shept last night. >> and calories. >> calories. >> if you wore it on your left wrist, would there be less calories, do you know? >> i will test that for you. >> test it out. gasoline prices. you know what i want to ask you? do you employ lobbyists at all? >> no. >> not at all? >> no. >> but w
Search Results 0 to 11 of about 12

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